Hedge Fund Targets $500 Million for Trading El Niño Crop Risks (opens original article in a new tab)

A hedge fund is targeting $500 million to create a commodities fund focused on trading crop risks associated with the emerging threat of a strong El Niño phenomenon.

• Hedge fund plans to raise $500 million for trading crop risks related to El Niño
• El Niño poses growing threat to global food supplies
• New commodities fund is being created in response to climate risks